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Why Prize Mining is bullish on the copper market and what this means for their newest property

Prize Mining Corporation (TSX.V: PRZ) is a well-capitalized exploration company based in Canada. Prize is engaged in the acquisition, exploration and development of mining properties, one of which is its latest project, the Manto Negro property, in Mexico.

Prize Mining Corporation (TSX.V: PRZ) is a well-capitalized exploration company based in Canada. Prize is engaged in the acquisition, exploration and development of mining properties, one of which is its latest project, the Manto Negro property, in Mexico.

In this interview, Hannah Bernard speaks with Mike McPhie, Director of Prize Mining, about the company’s interest in copper. Mike discusses how society’s nervous system is based on electrification, especially with the advent of electric cars, which puts this metal in a great market. Prize Mining is very bullish on the copper market both in the mid-and longer terms as the metal’s demand is coming back — whether it’s from electric vehicles, or just the electrification of society in general, copper is the main conduit for making all of these things function.

Mike talks about Prize’s new copper asset, Manto Negro, in Mexico, and why the company chose it. He mentions that the company was looking for something that had near-term development potential, strong grade, as well as the potential for real size, which they found with this property. Moreover, the asset is an oxide deposit, which, from a processing standpoint, means that the ability to get the copper out of the ground is rather simple.

Manto Negro has grades up over 2% and has the ability for the company to bring it into production quickly, so that investors are able to take advantage of the bullish copper market. However, before this can be done, Prize Mining Corporation (TSXV: PRZ) needs to follow key steps in the upcoming months related to technical work. First, the company needs to define the resource and see how much larger they can make it. Second, they need to conduct a preliminary engineering study on getting the project into production, as well as making a decision as to how they should move it forward.

This story was provided by Market One Media Group for commercial purposes.